Press Release - M-Akiba Closure of Special Limited Offer

PRESS RELEASE:By the Cabinet Secretary / The National Treasury - Mr Henry Rotich’s on occasion of the Closure of the M-AKIBA Special Limited Offer at the National Treasury –5th April 2017Good Afternoon,The Special Limited Offer M-Akiba Bond has now been closed.

It achieved its Kshs 150m target in full subscriptions by 2:05pm today 5th April 2017.It has taken 13 days to achieve this target since its launch on 23rdMarch 2017.With 102,632 registrations, this demonstrates the appetite and zeal of Kenyans to adopt and use innovation and technology to boost their economic wellbeing.The lowest buy amount was Kshs 3000 while the largest was Kshs 1,000,000. While the Kenyan Diaspora has also actively participated, Treasury’s analysis and publication will be released once all the data is in.For those who were not able to buy the bond, there will be another opportunity to buy the bond when HE the President launches the main bond in June 2017. Consequently, the M-Akiba registration will continue to enable Kenyans to prepare to participate again when the Main bond is launched in June.I wish to thank Kenyans for all walks of life who have participated in this issuance with zeal and commitment. I also wish to note that these have come from far and wide, from the diaspora to the remote regions of Kenya. I am heartened and appreciative of the enormous support Kenyans have given this once-in-a-lifetime opportunity to participate in something truly great as a leader again in innovation and, to demonstrate to ourselves and the world the confidence of our convictions to lead in changing our destiny and that of Africa.I salute our M-Akibapartners, the M-Akiba Taskforce and my entire Treasury team for a job well done. I urge all Kenyans to continue registering for M-Akiba as we now look forward to the Main M-Akiba Launch by HEthe President in June 2017HENRY ROTICHCABINET SECRETARY -THE NATIONAL TREASURY